Trade-In Tech
by on October 15, 2020
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Flipping Samsung Galaxy phones can lead to a profitable future and the chance to be your own boss. Before starting this venture, it’s a good idea to learn how to find smartphones, where to sell them, and which Samsung Galaxy phones are going to make you the most money. Here is everything you need to start flipping Samsung Galaxy smartphones.

 

What’s the Process of Flipping Samsung Smartphones?

 

 

If you’re new to flipping electronics, it’s understandable to want to learn more about this subject. When it comes to smartphones, the flipping process is quite simple. To start flipping Samsung Galaxy smartphones, you’ll need a way to buy these devices. Depending on the condition of these devices, they might need some refurbishing. After they’re refurbished, you can sell your electronic devices for profit.

 

Should I Buy Used or Refurbished Samsung Smartphones?

 

 

When it comes to flipping Samsung Galaxy cell phones, you have two options. These options are either buying used or refurbished Samsung Galaxy phones. With that said, these types of Samsung smartphones both have advantages and disadvantages.

 

Choosing used Samsung smartphones is a great way to get cheap galaxy phones. The major drawback with only purchasing used devices is not being sure where these devices are in their respective life cycles. If you’re purchasing used devices near the end of this cycle, it might lead to more than a few unhappy business partners and customers down the line.

 

There’s also a third option of purchasing refurbished Samsung smartphones. Refurbished smartphones are used smartphones that go through cleaning, repairing, and restorative processes. After these steps are complete, a phone is refurbished. The refurbishing process in the electronics industry is similar to what a mechanic would do to restore a vehicle to a like-new condition.

 

The main advantage of buying refurbished smartphones is knowing your devices are in optimal condition. This is because refurbishing involves taking worn parts and replacing them with new ones. The security of selling refurbished phones comes at the cost of losing a percentage of your profits. But, many Samsung wholesalers feel that the cost of partnering with refurbishers is a price that's well worth paying.

 

What Factors Affect the Resale Value of Samsung Galaxy Phones?

 

 

It’s now time to learn what affects the resale value of Samsung Galaxy smartphones. Many parts are working together to power these amazing electronic devices. Considering that, it's important to take a closer look at several parts of any Samsung wholesale phones you're thinking of buying. Here’s a look at several important factors that can mean purchasing smartphones that are either ready to sell or need lots of refurbishing.

 

1. IMEI Number

 

An important aspect of flipping phones is the IMEI (International Mobile Equipment Identity) of these devices. If this device’s IMEI is “clean,” the phone is ready to buy and resell. Devices without clean IMEIs can be in this state for several different reasons. If you need help finding this information, make sure to check out our guide on how to tell if your phone has a clean IMEI.

 

These reasons include the phone’s owner still owing money on this phone or the device was stolen. For most wholesalers, Samsung Galaxy smartphones with bad IMEIs aren’t worth the trouble.

 

2. Touchscreen Condition

 

Another resale value factor has to do with a Samsung Galaxy's touchscreen. As you likely know, the condition of used smartphone touchscreens can vary quite a bit.

 

It’s possible to come across used Samsung Galaxy phones with screens in perfect condition. In other cases, you might see devices with a few minor scuffs. Screens with scratches and other signs of excessive wear might mean that screen replacement is the only viable option.

 

If a smartphone’s screen looks great, there are still potential issues that you’ll need to check. You can start performing the next round of testing by powering the device on. Next, make sure that you test each area of this device’s screen. As you start touching this screen, look for any signs of unresponsiveness.

 

3. Battery Life 

 

It’s also important to check the battery life of your Galaxy smartphones. When any smartphone is brand new, battery life isn’t much of an issue. These devices are straight from their respective manufacturers with fresh batteries. With used smartphones, there’s no way of knowing how strong these device’s batteries are at first glance.

 

4. Charging Capabilities

 

You'll also need to think about a smartphone's charging capabilities. To be more specific, you’ll want to consider how well smartphones hold a charge. Unless you know someone capable of fixing this situation, it's best to avoid devices with charging problems.

 

5. Camera Functionality

 

In recent years, smartphone cameras have become an essential feature of these devices. With that in mind, another important factor determining a phone’s condition has to do with its camera. To test phone cameras, take a picture with these devices and look for any inconsistencies. If you spot image errors, call an electronics repair specialist before making any purchases.

 

6. The Phone’s Buttons

 

Lastly, make sure to check the buttons on any smartphones you’re wanting to resell. A smartphone’s buttons affect volume, camera, and other types of controls. You’ll want to ensure that each button is in good condition and activates the function it’s supposed to. As with other smartphone issues, it’s possible to have a repair professional take care of faulty buttons.

 

Where to Find and Sell Wholesale Samsung Smartphones

 

 

A key aspect of starting a business flipping smartphones is knowing where to find them. After finding wholesale Samsung Galaxy smartphones, you'll need a place to sell these items. To help save you time, we’ve put together a list of several great places to both find and sell wholesale Samsung phones.

 

Trade-In Tech

 

Trade-In Tech makes it easy to list your wholesale Samsung Galaxy phones. We also have many buyers and sellers offering lots of electronics including iPhones, tablets, computers, smartwatches, and much more.

 

After you join Trade-In Tech’s wholesale electronics platform, you’ll also have access to private groups, live chat rooms with our members, and an exclusive marketplace. Best of all, we have a rigorous screening process to ensure that each member of our fast-growing network has the best buying and selling experiences.

 

Something else that sets us apart from our competitors is that we don’t charge transaction fees for our buyers and sellers. By working with us, you won’t have to deal with the stress of fees taking over potential revenue.

 

Also, make sure to check out a recent video from Trade-In Tech’s Owner and CEO, Hayden Howard. In this webinar, wholesale professionals answer questions from attendees about a range of topics relating to flipping phones. If you’re looking for how to start making money flipping phones, you won’t want to miss this video.

 

eBay

 

If you’re wanting to flip Samsung Galaxy phones, it makes sense to visit eBay. Many of our members have had lots of success by flipping phones on this auction website.

 

There are a few drawbacks you’ll notice while buying and selling smartphones on eBay. One of these drawbacks is eBay’s fees. If you’re operating on a smaller budget, these fees can wreak havoc on your company’s profits fast.

 

We hate to say it, but these types of websites also tend to bring out lots of people looking for bargains. There’s nothing wrong with wanting to save money. But, as a business owner, you have to make a profit and don’t have time for people hassling you to lower your prices.

 

Swappa

 

Another one of the best buyback websites for used Samsung Galaxy smartphones is Swappa. There is a wide range of electronics available to buy and sell on this website. Also, Swappa’s fair offer system means that no buyers or sellers have to worry about getting offers that aren’t worth their time. 

 

With that said, products in mint or near-mint condition sell the quickest on Swappa. If you're flipping Samsung Galaxy smartphones, you're probably going to be working with older models that might not sell as fast.

 

How Much Money Can You Make as a Samsung Wholesaler?

 

 

If you’re thinking about entering into the electronics resale industry, it’s understandable to wonder how much money you can make. PayScale reports that the average salary in the wholesale electronic salary is $81,764. It’s important to note that these are only estimates of an average salary in this industry.

 

There are endless possibilities to make lots of money when you wholesale Samsung products. One key to increasing your earnings as a Samsung wholesaler is to buy and sell popular types of electronics. Many people make multi-millions in the wholesale electronics industry each year, all because they know what products are in high demand.

 

This all isn’t to say that buying a few electronic devices at a time is a bad idea, especially if you’re just getting started. But, it might take lots of time and effort before you make a good ROI from your purchases. So, most people buy larger quantities of smartphones and become wholesalers. By doing this, you can start moving lots of popular devices in a short amount of time.

 

Which Samsung Wholesale Phones Have the Highest Resale Value?

 

 

Did you know that Samsung has released hundreds of smartphones? With that said, some of these smartphones were only out for a few months or years in the past. To keep things relevant, we’ll focus on popular Samsung Galaxy smartphones in the consumer and wholesale electronics market right now. These will be the devices that get you the highest resale value and are the easiest to sell.

 

When it comes to Samsung Galaxy smartphones, or phones of any kind, age is a huge resale value factor. For example, imagine that you had two pallets of used Samsung Galaxy smartphones that are all in great condition. Most likely, the pallet containing newer smartphones would fetch higher resale values.

 

Disclaimer: Our resale values are only estimates. It’s possible to get lower or higher resale values for your Samsung Galaxy smartphones.

 

Samsung Galaxy S: Leading the pack in terms of popularity, Samsung’s Galaxy S series remains a hit with people from all walks of life. Understandably, this line of smartphones is also popular among Samsung wholesalers and their respective customers. Due to the popularity of the Galaxy S line, this resale breakdown is going to be a bit more in-depth.

 

Samsung Galaxy S5: $30-$75

Samsung Galaxy S6: $50-$100

Samsung Galaxy S7: $70-$125

Samsung Galaxy S8: $100-$175

Samsung Galaxy S9: $130-$250

Samsung Galaxy S10: $300-$550

Samsung Galaxy S20: $450-$760

 

Samsung Galaxy A (Alpha): Another popular line of smartphones from Samsung is the Galaxy A. Made to offer a more affordable solution to its customers, Samsung released the Galaxy A smartphone. Resale values for the Samsung Galaxy A series of smartphones range from $50-$550.

 

Samsung Galaxy Fold: The Samsung Galaxy Fold is one of the newest smartphones released by Samsung. If you can get your hands on this smartphone, it is fetching high resale values. As of right now, Samsung Galaxy Fold smartphones can sell for anywhere from $1,000-$1,500. With that said, the newness of this device might make it difficult for Samsung wholesalers to purchase it in large quantities.

 

Summing Everything Up

 

In conclusion, we hope that this guide helps you succeed as a Samsung wholesaler. Samsung’s line of smartphones continues to remain some of the most popular electronic devices on the market. If you’re looking for more content aimed at helping your phone flipping business, make sure to visit the Trade-In Tech blog. We’re always posting content that covers a range of wholesale electronics topics.

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